Independence Realty Trust (FRA:5O2) Price-to-Owner-Earnings: 30.23 (As of Sep. 09, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:5O2 Independence Realty Trust Inc FRA:5O2
70 GF Score
Price €13.00
GF Value €13.60
! 8 Warning Signs
View Full Analysis

What is Independence Realty Trust Price-to-Owner-Earnings?

Independence Realty Trust FRA:5O2 +1.56% 70 Price-to-Owner-Earnings is 30.23 as of Sep. 09, 2026. GuruFocus rates FRA:5O2 with a GF Score™ of 70/100 and a GF Value™ of €13.60. The stock has 8 warning signs investors should review. Among 334 REITs companies, Independence Realty Trust ranks worse than 85.03% on this metric.

As of today (2026-09-09), Independence Realty Trust's share price is €13.00. Independence Realty Trust's Owner Earnings per Share (TTM) ended in Jun. 2026 was €0.43. It's Price-to-Owner-Earnings for today is 30.23.


The historical rank and industry rank for Independence Realty Trust's Price-to-Owner-Earnings or its related term are showing as below:

FRA:5O2' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 5.14   Med: 26.36   Max: 125.48
Current: 29.74

During the past 13 years, the highest Price-to-Owner-Earnings of Independence Realty Trust was 125.48. The lowest was 5.14. And the median was 26.36.


FRA:5O2's Price-to-Owner-Earnings is ranked worse than
85.03% of 334 companies
in the REITs industry
Industry Median: 13.555 vs FRA:5O2: 29.74

As of today (2026-09-09), Independence Realty Trust's share price is €13.00. Independence Realty Trust's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €0.16. Therefore, Independence Realty Trust's PE Ratio (TTM) for today is 83.87.

As of today (2026-09-09), Independence Realty Trust's share price is €13.00. Independence Realty Trust's EPS without NRI for the trailing twelve months (TTM) ended in was €0.14. Therefore, Independence Realty Trust's PE Ratio without NRI for today is 90.91.

During the past 13 years, Independence Realty Trust's highest PE Ratio without NRI was 194.00. The lowest was 20.47. And the median was 78.87.


Independence Realty Trust  (FRA:5O2) Price-to-Owner-Earnings Explanation

For how to get Owner Earnings per Share (TTM), please click.


Independence Realty Trust Price-to-Owner-Earnings Related Terms


Independence Realty Trust Price-to-Owner-Earnings Historical Data

* Premium members only.

The historical data trend for Independence Realty Trust's Price-to-Owner-Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Independence Realty Trust Price-to-Owner-Earnings Chart

Independence Realty Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Price-to-Owner-Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.00 12.56 37.57 36.47 28.46

Independence Realty Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Price-to-Owner-Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.65 32.62 28.46 25.60 30.65

FRA:5O2 vs MRP, UMH, CSR: Price-to-Owner-Earnings Comparison

For the REIT - Residential subindustry, Independence Realty Trust's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Independence Realty Trust Price-to-Owner-Earnings vs REITs Industry

For the REITs industry and Real Estate sector, Independence Realty Trust's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Independence Realty Trust's Price-to-Owner-Earnings falls into.


FRA:5O2
70GF Score
Independence Realty Trust Inc FRA:5O2
Price-to-Owner-Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Independence Realty Trust Price-to-Owner-Earnings Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Independence Realty Trust's Price-to-Owner-Earnings for today is calculated as

Price-to-Owner-Earnings=Share Price/Owner Earnings per Share (TTM)
=13.00/0.43
=30.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Price-to-Owner-Earnings of 30.23 mean?
Independence Realty Trust (FRA:5O2) has a Price-to-Owner-Earnings of 30.23 as of Sep. 09, 2026. Price-to-owner-earnings ratio is the ratio of share price to a company's Buffett owner earnings per share. View historical data on Independence Realty Trust and its competitors. According to the industry distribution chart, Independence Realty Trust ranks #284 out of 334 companies in the REITs industry, placing it in the top 85%.
Is Independence Realty Trust's Price-to-Owner-Earnings too high?
Independence Realty Trust's current Price-to-Owner-Earnings is 30.23. The REITs industry median Price-to-Owner-Earnings is 13.56. Independence Realty Trust's value of 30.23 is 123% above this industry median. Based on the distribution chart, Independence Realty Trust ranks #284 out of 334 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Independence Realty Trust has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Independence Realty Trust's Price-to-Owner-Earnings compare to MRP and UMH?
According to the REITs industry distribution chart, Independence Realty Trust ranks #284 out of 334 companies for Price-to-Owner-Earnings. This places Independence Realty Trust in the lower half of its industry. The industry median Price-to-Owner-Earnings is 13.56. Independence Realty Trust's value of 30.23 is 123% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Owner-Earnings for a REITs company?
The median Price-to-Owner-Earnings among REITs companies is 13.56, based on 334 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Owner-Earnings significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Owner-Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Independence Realty Trust's current Price-to-Owner-Earnings of 30.23 is 123% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Owner-Earnings mean?
A high Price-to-Owner-Earnings can signal that a stock is expensive relative to its fundamentals. Price-to-owner-earnings ratio is the ratio of share price to a company's Buffett owner earnings per share. View historical data on Independence Realty Trust and its competitors. For the REITs industry, the median Price-to-Owner-Earnings is 13.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independence Realty Trust's current Price-to-Owner-Earnings is 30.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independence Realty Trust stock overvalued right now?
Independence Realty Trust (FRA:5O2) has a current Price-to-Owner-Earnings of 30.23. The stock's GF Value™ is €13.60, compared to a current price of €13.00 — trading 4.4% below its estimated fair value. The current Price-to-Owner-Earnings is 30.23 and 123% above the REITs industry median of 13.56. Independence Realty Trust's overall GF Score™ is 70/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Owner-Earnings calculated?
Price-to-Owner-Earnings is calculated from a company's financial statements. For Independence Realty Trust (FRA:5O2), the current Price-to-Owner-Earnings is 30.23 as of Sep. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Independence Realty Trust (FRA:5O2) Overvalued in 2026?

Based on GuruFocus' analysis, Independence Realty Trust stock appears to be undervalued. The current stock price of €13.00 is trading 4.4% below its estimated GF Value™ of €13.60.

Key valuation signals for FRA:5O2:

  • Price-to-Owner-Earnings: 30.23
  • GF Value™: €13.60 vs. price of €13.00 (4.4% below fair value)
  • GF Score™: 70/100 with 8 warning signs
  • Industry Position: 123% above the REITs median (#284 of 334)

No single metric tells the full story. See the FRA:5O2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Independence Realty Trust Business Description

Industry Real EstateREITs
Other Exchanges IRT:USA
Address 1835 Market Street, Suite 2601, Philadelphia, PA, USA, 19103
Independence Realty Trust Inc is a real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. It owns and operates multifamily apartment properties, across non-gateway U.S markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa. The company is focused on gaining scale within key amenity-rich submarkets that offer school districts, retail, and various employment centers.
70GF Score

Get the complete analysis for FRA:5O2

Price-to-Owner-Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€13.00
Price
€13.60
GF Value